We live in an era of amazing technology. We can keep our important information right at our fingertips through our computers or our phones. We can pull up the letter of testamentary for our attorney, or the necessary business document for that important meeting we are attending. But there are also some things we need to watch out for in this technological-advanced society.
Data breaches are an unfortunate but all too common occurrence for businesses. As the volume of data available to hackers increases, so does their proficiency. Data breaches hurt companies financially and leave a lasting impression on consumers, who may question their loyalty if unscrupulous operators ever again govern their services.
With the widespread adoption of digital commerce, there are new opportunities for companies to grow their business and increase their customer loyalty without exposing themselves to risks associated with traditional marketing methods. However, as with any other industry, companies’ pitfalls and precautions to limit potential exposure to cyber criminals should be anticipated. Here are five things to secure your data from fraudulent activities.
1. Guard Your Online Information
The most important thing to keep in mind is that your company’s data and information should be valuable. It can be stored on several different types of media, including online, paper, and even physical formats.
Suppose you are storing information on computer systems and networks. It is essential to turn off or disable access to these systems when they are not in use or when they are not being used for legitimate business purposes. This will help reduce the risk of a data breach.
2. Monitor Your Accounts
It is essential to monitor your accounts for suspicious activity. It is not uncommon for hackers to access a company’s systems and networks, but they may also attempt to gain access to data stored in these systems.
If you notice any unusual activity on your accounts, it is best to contact your financial institution immediately and report the incident. Log into your account daily and regularly monitor your financial accounts for potentially fraudulent activity. Moreover, piracy is a significant problem for many companies, and it is essential to monitor your accounts for the possibility of unauthorized access.
3. Business Email Compromise
If your company uses email to send and receive data, it is essential to know how to protect your email accounts. One of the easiest ways to do this is to ensure that you use strong passwords. It would be best to consider enabling two-factor authentication, which will help prevent a hacker from accessing your accounts. Also, if you send sensitive information over email, it is best to encrypt the message in transit or use a secure server that does not store any information on its systems.
4. Shred Sensitive Documents
You can prevent sensitive documents from being stolen by shredding them. However, it is essential to make sure you are not destroying information that could be useful in the future. Therefore, it is recommended that you only shred documents that you no longer need or use and that contain no personal information, such as social security numbers.
Sign up for eStatements to help prevent unauthorized access to your accounts. Online statements are electronically sent to your account and allow you to view accounts from any device.
5. Check Your Credit Report
It is essential to regularly check your credit report if you have recently changed jobs or purchased a new home. If you notice any unusual activity on your credit report, contact the credit reporting agencies immediately and notify them of the incident. You can review your statements after a few days to see if there is any suspicious activity.
Additionally, it is essential to monitor your credit report for any potential identity theft regularly. If you notice anything, contact the credit reporting agencies immediately.
It is crucial to keep in mind that there are many different cyber threats out there, and each one of these threats can be challenging to detect. However, companies need to take the necessary precautions to protect their data and information, as cybercrime can cause significant financial losses.
Keeping your data safe is essential. Whether you are a small business or a global organization, you need to take precautions to keep your data secure. In addition, you need to be aware of the different types of cyber threats and how they can affect your business.
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